LafargeHolcim - May 2016
LafargeHolcim's first-quarter turnover amounted to CHF6062m (EUR5997m). The Asia Pacific region generated 40 per cent of group turnover, while Europe represented 14.2 per cent and North America 10.7 per cent. Latin America contributed 13.4 per cent and Africa/Middle East 21.6 per cent. Margins declined from 14.3 to 12.8 per cent and the underlying operating EBITDA dropped by 21.5 per cent to CHF824m (EUR815m). Net debt at the end of March was 4.5 per cent higher at CHF18,041m (EUR17,848m), giving a gearing level of 59.1 per cent. Capital investment in period was 27.6 per cent lower at CHF353m (EUR349m). For 2016, investments are expected to amount to around CHF2000m. Divestments of around CHF3500m are expected during 2016.